| FOR
IMMEDIATE RELEASE |
Contact: Melissa
A. Hicks
Mosaic Marketing |
| October
19, 2006 |
877.238.4045 |
CTHRA
Reports Industry Compensation Trends and Benchmarks
Philadelphia,
October 19, 2006 – Yesterday at the
Cable and Telecommunications Human Resources
Association’s (CTHRA)
Achieving Excellence Symposium in Philadelphia,
Hali Croner of The Croner Company presented key highlights from CTHRA’s
2006 compensation research. The research session featured key benchmarks
and emerging trends based on data collected from
63 companies for 93,100
executive, professional,
administrative, sales and hourly incumbents across
a multitude of disciplines.
Research
Scope and Objectives
CTHRA conducts two compensation
surveys, one for cable and telecommunications operators and another
for cable programmers
and broadcast networks, on an annual
basis to establish industry benchmarks, identify trends and track
statistics over time. The research focuses
on total direct compensation, base salaries,
total cash compensation (base plus bonus), total direct compensation
(base plus bonus plus value
of equity), regional pay differentials,
specialty pay differentials, pay policies, plan designs and practices.
“CTHRA’s
Annual Compensation Report provides industry-specific information that
is invaluable for companies seeking to assess their
practices and
identify opportunities to enhance
their ability to attract and retain the best and brightest talent,” shared
Lynne Ramsey, senior vice president of human
resources for Charter Communications, CTHRA board
member, and co-chair of CTHRA’s compensation research initiative.
Sixteen
companies participated in the
operator survey, including seven of the
10 largest multiple system operators (MSOs)
and three satellite delivery
providers. Forty-two programmers participated,
including all of the top 20 national cable
networks and five national broadcast
networks.
Emerging
Trends
- Companies
from diverse industries are becoming business and labor market competitors.
- The
success of the Internet as alternative
channel is driving the creation of digital media divisions.
- Advertising
sales beginning to create the
multi-media or “blended” sales executive, selling
for television, online and other
channels.
- Digital
broadcast platforms are blurring technical
operations and information technology (IT) roles.
Notable
Highlights
- Technical
personnel experienced the greatest
base salary movement in the past year
- Half
of all participants changed their
equity plan design in the past year, with the most prevalent
change being the
introduction of restricted stock
into the plans or a change
to restricted stock only.
- Actual
bonus awards reflected strong
performance in 2005. On average, actual bonus awards were 104
percent of target among operators
and 102 percent of target among programmers
(programmer results exclude
sales positions).
- Average
Annual Change in Base Salaries Across
All Positions
| Survey
Year |
Operators |
Programmers/Networks |
| 2002-2003 |
2.0% |
4.9% |
| 2003-2004 |
4.3% |
3.8% |
| 2004-2005 |
4.1% |
1.9% |
| 2005-2006 |
3.2% |
5.9% |
To
purchase CTHRA’s 2006 Compensation Report
or to participate in CTHRA’s 2007 surveys, contact Sabrina Smith
at The Croner Company 415.485.5543. For more
information about CTHRA, visit www.cthra.com or call 630.416.1166.
About
CTHRA
The
Cable and Telecommunications Human Resources Association
(CTHRA) is a nonprofit association committed to helping industry
professionals
leverage effective
human resources
strategies to improve organizational and industry-wide success.
CTHRA provides
its growing membership
with original human resources information and resources,
networking opportunities
and educational programs.
CTHRA’s groundbreaking
initiatives include the annual CTHRA Compensation
Report and its Symposium Series. For more information, visit www.cthra.com.
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